Total 13 Posts

4 InsurTech trends to look out for in South Africa

One of the hottest trends in South African FinTech in 2018 is InsurTech. InsurTech has gained momentum over the last two years in South Africa. It was initially seen as a major threat by insurance companies, but now insurers are taking a far more proactive approach to seize opportunities in

South Africa has the potential to be Afrika's FinTech centre of excellence

South Africa has been reported to have the potential of becoming a FinTech centre of excellence in Afrika. This is according to some experts and professionals in South Africa's financial services industry. Some of these sentiments expressed are as a result of the South African Reserve Bank establishing a FinTech

South African FinTech in 2018

FinTech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode, a Rand Merchant Investments club for

Bitcoin Platform Luno Raises $9 Million In Series B Funding Round To Expand Globally

South African FinTech startup, Luno, has announced that it has concluded its Series B fundraising round after receiving approximately $9 million (R120 million) from investors. its expansion into 35 new markets across Europe, The round was led by London-based Balderton Capital. Luno currently has offices in London, Singapore and Cape

South Africa's AlphaCode Participates In FinTech Platform Prodigy Finance's Series C Equity Financing Round

AlphaCode, the FinTech investment arm of South Africa's Rand Merchant Investment Holdings, has participated in Prodigy Finance's Series C equity financing round of $40 million (R532 million). The Series C round was led by venture capital firm Index Ventures. Prodigy Finance is a lending platform that provides loans to postgraduate

11 South African FinTech Startups Innovating In The Payments Space

In 2016 $5.5bn of venture capital investment went into payments startups. This represented 22% of global fintech investment activity. In South Africa, payments still dominate the fintech landscape. We are seeing a tremendous amount of innovation in payments as SA consumers seek new ways to transact. Due to SA’